LendingCrowd has reported the data security incident to authorities and is communicating with the affected customers. While LendingCrowd has instructed customers to enable two-factor authentication in the wake of this breach, the incident raises the important question of why the financial services firm doesn’t already have 2FA and other strong authentication measures enabled for its customers by default.
Experts Comments
Linkedin Message
@Sam Bakken, Senior Product Marketing Manager, provides expert commentary at @Information Security Buzz.
"User convenience is not a good excuse for not enforcing strong security...."
#infosec #cybersecurity #isdots
https://informationsecuritybuzz.com/expert-comments/expert-insight-on-lendingcrowd-data-breach-and-the-need-for-2fa-on-financial-accounts
Facebook Message
@Sam Bakken, Senior Product Marketing Manager, provides expert commentary at @Information Security Buzz.
"User convenience is not a good excuse for not enforcing strong security...."
#infosec #cybersecurity #isdots
https://informationsecuritybuzz.com/expert-comments/expert-insight-on-lendingcrowd-data-breach-and-the-need-for-2fa-on-financial-accounts
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Linkedin Message
@Sam Bakken, Senior Product Marketing Manager, provides expert commentary at @Information Security Buzz.
"User convenience is not a good excuse for not enforcing strong security...."
#infosec #cybersecurity #isdots
https://informationsecuritybuzz.com/expert-comments/expert-insight-on-lendingcrowd-data-breach-and-the-need-for-2fa-on-financial-accounts
Facebook Message
@Sam Bakken, Senior Product Marketing Manager, provides expert commentary at @Information Security Buzz.
"User convenience is not a good excuse for not enforcing strong security...."
#infosec #cybersecurity #isdots
https://informationsecuritybuzz.com/expert-comments/expert-insight-on-lendingcrowd-data-breach-and-the-need-for-2fa-on-financial-accounts